Sir Jim Ratcliffe Plans to Submit Revised Offer to Buy Manchester United
Sir Jim Ratcliffe, the British billionaire and founder of Ineos chemicals firm, is reportedly planning to submit a reworked offer to buy Manchester United. Ratcliffe has been competing against a group of Qatari investors led by Sheikh Jassim bin Hamad al-Thani to acquire a majority stake in the club from the Glazer family.
The Glazers initially put Manchester United up for sale last November, but recent reports suggest that the club has been taken off the market as no buyer is willing to meet the £10 billion valuation. However, Ratcliffe has not given up hope and is now restructuring his offer in an attempt to revive his takeover hopes.
According to Bloomberg, Ratcliffe is working to address concerns about the terms of his bid from minority investors. Earlier this year, he had offered to buy the 69% stake of Manchester United owned by the Glazers. Ratcliffe, who purchased Ligue 1 side Nice in 2019, remains determined to acquire the club.
Meanwhile, Sheikh Jassim has made several revised offers to buy Manchester United, but none of them have exceeded £6 billion. The Glazers are holding out for a £10 billion offer and are willing to wait until the market improves, which would increase the club’s valuation.
Ratcliffe expressed his desire to buy Manchester United in July, stating that there is still a process and it ultimately depends on the decision of the current owners. He emphasized that he would do it for the right reasons.
The potential acquisition of Manchester United by Ratcliffe or Sheikh Jassim has been met with mixed reactions from fans. Manchester United supporters have been protesting against the Glazer ownership for years, expressing their dissatisfaction with the club’s direction under their management.
As the negotiations continue, football fans around the world eagerly await the outcome of this high-profile takeover battle. The future ownership of Manchester United could have significant implications for the club’s finances, transfer activity, and overall direction.
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In conclusion, Sir Jim Ratcliffe is planning to submit a revised offer to buy Manchester United. Despite the Glazers’ £10 billion valuation and the competition from Sheikh Jassim and his Qatari investors, Ratcliffe remains determined to acquire the club. The outcome of this takeover battle will have a significant impact on the future of Manchester United and its global fanbase.